Brussels bourse favors the bulls

June 2, 1983

Stock market prices in West Germany, Britain, and some other West European nations have been rising heartily in recent months. So have stock prices in Belgium, but Rene Deweeck, head of the research department at Banque Bruxelles Lambert, sees a significant difference.

Institutional investors from the United States have been putting large sums into the bourses, or stock exchanges, in London, Amsterdam, and Frankfurt, but not in Brussels, he says.

Stock prices in Belgium rose some 40 percent between June 1981 and December 1982, plus some 22 percent this year. But this is because of the improved outlook for the Belgian economy and a new tax break for newly issued Belgian stock.